Port- Near Savannah?

I have heard that a port is supposed to be going up somewhere near Savannah... I was wondering if anyone knows if thats set in stone, when is supposed to happen, and where exactly its supposed to be?

My hub, and some other minds have this get rich plan to buy land in Jasper and build houses to sell (200+ houses) and they believe that they will sell, becasue of this port...! Me on the other hand, I think Jasper I think poorer neighborhoods, and hard to sell..but yet again I am not that easy to convince! Well if any body has any info on Ports, Jasper county house building, comments or anything else...let me know..!
Thanks so much

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You don't need the PORT to make money in Jasper. If they have the ability to buy the right land in bulk and at a decent price, the ability to build housing and provide infrastructure at a cost-effective rate, then they will make money. Jasper County is a changin'. Just bear in mind though there are big boys already deep into the process of developing a lot of product there, they will be your competition and THEY know what they are doing.

The PORT will come, the question as it's been for the last couple of years is WHEN. Could be 3-4 years, 5-7, 8-10, etc. I wouldn't RELY on the port, but it may be very helpful down the line.

"Way down deep I'm very superficial" - ALEA IACTA EST - "What we do in life echoes in eternity."

I agree with OW on this one. The port will become a reality at some point. Investing in real estate can be profitable, but it is hard to find real goldmines. As OW has already pointed out, there is big time competition by people (corporations) with money to invest and time to wait on a sale. These corporations will also have an advantage on intel on planned access roads, etc., something the average Joe or Jane won't have. Not everyone can buy property, pay taxes and wait on a good sale. The property owners in that area are not dummies and will recognize that their land is becoming desirable. Many will have a recent appraisal on hand which will include some speculative increases. Let the buyer beware!!

Dead on Heron, the best time to have done this was about 2+ years ago --- at least as far as buying land is concerned. To buy enough land for say 200 houses, you're going to need to buy 60-100 acres, provide roads, infrastructure, etc. Chances are you won't find PRIME land anymore ... that needs to be figured into the equation.

My other concerns are that if you're building houses on .2 or .3 acres, you'll be dirctly competing with the BIG BOYS who can offer better prices because of their "economy of scale" ... as well as offering amenities like nice "lagoons", lakes, community pools, health clubs, golf, etc. That will depress your pricing.

"Way down deep I'm very superficial" - ALEA IACTA EST - "What we do in life echoes in eternity."

Not that my opinion matters, but the port land has been transfered to the state of south carolina and the Port in Jasper County will be directly across the river from the Port of Savannah basically. The time to have bought the land there has come and gone. In fact the land around that area is now #1. Either purchased for the purposes of comercial development, #2. Purchased by trac builders for the purpose of residential/light commercial building or #3. Too damn overpriced to be worth while... This is directed at the Port area land only, as there are still some areas on the NW side of Jasper which are still underdeveloped and of which you might be able to find some land to buy and build on. The idea of getting rich in real estate is directly reliant on the investor #1. Timing the market correctly (after the announcement of a port is terrible timing) #2. Obtaining information related to development or possible development prior to the general public (the port land is surely not in this category as everyone with a pulse knows its coming) and #3. Being able to sell the land/property to an interested buyer. I will guarantee that the interested buyers who would be surrounding the port area have high priced lawyers, real estate firms on referal, and other factors and economies of scale which would make you a VERY VERY VERY lucky individual should you find a way to acquire information which they don't already have and be able to afford the land and follow the deal through to the end.

It's almost like saying hey it would be really great to make a chip which has cheese on it and we can sell it to everyone who will buy it because it's delicious....... THEY ALREADY HAVE THAT ITS CALLED DORITOES!!!!!

When I said Houses 200+ I mean not 200 houses, i meant $200k houses to sell...! Little Typo big difference..I thinkn they want to build a couple of houses, and I honestly dont like the idea much myself..!

Ok loavanilla, then every local builder and his/her mother have the same idea and has been prepping to do that for quite some time. Nobody is getting rich on building a couple (or a few) $200K houses --- now if they were Oceanfront Monster Mansions selling for $5M+, you might make some real money ... but it's all relative.

What experience do they have doing any of this?

"Way down deep I'm very superficial" - ALEA IACTA EST - "What we do in life echoes in eternity."

Okay...I dont even like the idea, I told my hub its not very smart, and if it were that easy wouldnt everybody do it? And with all this big companys like KB, Craftbuilt...what kinda chance do you think you have? Its not my hub..its actualyl my bro in law and some co workers which mentioned the idea to my hub, which mentioned it to me..which i dont like that much so i figured Id blog about it and get some other peoples input on it! I dont think they are going to get rich..but they feel that they would make a better living doing that then working for someone else who is only paying them around 18 bucks an hour or so..! I agree that going on your own would make more money then working for someone..But right now i see it as a buyers market and houses arnt really selling, and I just dont see this whole "Idea" a good idea. To have his own plumbing business down the road sounds better then building houses and hoping that they will sell..!

I've been in business for over 50 years and have had property on the side which I have sold for a profit. I think you are correct. Developing land takes deep pockets and well established credit. Most of these ventures are multiple partners or investment groups with a professional staff. This spreads the risk out over a large group and each investor will not lose all of their assets if a failure occurs. If he knows the plumbing business, stick with that and make some good money . Learning real estate and developing properties by borrowing money up to your eyeballs and taking a risk on losing it because of inexperience is not smart. Do what you know how to do best and be happy doing that.

Is still GA land.
Long history on that one.
Nutshell - in the state of SC, if you 'improve' a vacant piece of property for 7 years, you own it. GA put the dredge from the Sav River on that property for seven years (it was mainly high marsh) and the original SC owners didn't know it. It was a 10 year court fight, and GA won.

But the property around it is either owned by people who WILL NOT sell, the Schultzes and the Richardsons - or by people who have already bought and have development plans in place.

As for the north end of Jasper - it is already DOUBLE what it was 5 years ago... and there is no water or sewer, only wells and septic, and Jasper is making ordinances about development as we speak, AND - the water sources in Northern Jasper have already dried up once for several months three years ago during a drought, so you had really better understand infrastructure and sources and costs before you even think about it.